Find the expected value. 11) An insurance policy sells for $750. Based on past data, an average of 1 in 80 policyholders will file a
$10,000 claim, an average of 1 in 140 policyholders will file a $20,000 claim, and an average of 1 in
200 policyholders will file a $50,000 claim. What is the expected value to the company per policy
sold?
A) $262
B) $232
$518
D) $258